Company Registration No. 8337904 (England and Wales)
Chigwell Enterprises Ltd
Unaudited accounts
for the year ended 28 December 2024
Chigwell Enterprises Ltd
Unaudited accounts
Contents
Chigwell Enterprises Ltd
Company Information
for the year ended 28 December 2024
Directors
Raffaella Gianfilippi De Parenti
Andrea Velletrani
Company Number
8337904 (England and Wales)
Registered Office
2nd Floor, Market Square House
Market Square
Petworth
West Sussex
GU28 0AH
ENGLAND
Chigwell Enterprises Ltd
Statement of financial position
as at 28 December 2024
Investments
3,519,722
3,647,757
Cash at bank and in hand
264,729
494,274
Creditors: amounts falling due within one year
(58,086)
(4,546)
Net current assets
579,336
898,680
Total assets less current liabilities
4,099,058
4,546,437
Creditors: amounts falling due after more than one year
(437,139)
(491,410)
Net assets
3,661,919
4,055,027
Called up share capital
100
100
Profit and loss account
3,661,819
4,054,927
Shareholders' funds
3,661,919
4,055,027
For the year ending 28 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Andrea Velletrani
Director
Company Registration No. 8337904
Chigwell Enterprises Ltd
Notes to the Accounts
for the year ended 28 December 2024
Chigwell Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 8337904. The registered office is 2nd Floor, Market Square House, Market Square, Petworth, West Sussex, GU28 0AH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The Company's functional currency is Eur.
Items of assets and liabilities (including comparatives) are translated into the presentation currency at the official rate of
exchange ruling at the closing date of these reports. Items of income and expenditure (including comparatives) are translated
into the presentation currency at the official average rate of exchange ruling at the closing date of these reports. Exchange differences are recognised in profit and loss.
Monetary assets and liabilities in foreign currencies are translated into the Company's functional currency at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into the Company's functional currency at the rates of exchange ruling at the date of the transaction.
Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
The value of the investment property based in Formentera and operating through a Permanent Establishment in Spain, was transferred on 12/12/2024 to a fully owned subsidiary, denominated Pazidad S.L., via transfer of 1.383.346 shares of par value €1 each.
The Permanent Establishment ceased its existence at the same date.
These financial statements aggregates the values of the Permanent Establishments up to 12/12/2024.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Chigwell Enterprises Ltd
Notes to the Accounts
for the year ended 28 December 2024
The Directors are taking all reasonable steps, as part of the Company's risk management policy, to ensure continued operations and, upon consideration of all factors, they believe it appropriate for the going concern basis to be adopted for these financial statements.
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Investments
Other investments
Valuation at 29 December 2023
3,647,757
Fair value adjustments
(152,124)
Valuation at 28 December 2024
3,519,722
Foreign exchange differences arising from translating items from functional to presentation currency, are recognised in the profit and loss reserves account.
Amounts falling due within one year
Accrued income and prepayments
501
12,833
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,957
2,928
Taxes and social security
111
1,618
Amongst Other creditors. there's an amount of £11,177 as shareholder loan account and a loan from Guilford Capital Ltd amounting to £39,180
Chigwell Enterprises Ltd
Notes to the Accounts
for the year ended 28 December 2024
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
428,803
482,714
Other creditors
8,336
8,696
Aggregate of amounts that fall due for payment after five years
437,139
482,714
Mortgage for Property in Formentera: £428,803
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
At the date of these financial reports, the Company has loaned an amount of 7,765 to its fully owned subsidiary, Pazidad S.L., which operates the property business in Spain from 12/12/2024.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).